Union Bankshares Corporation (NYSE:AUB) Given Consensus Recommendation of “Buy” by Brokerages

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Shares of Union Bankshares Corporation (NYSE:AUB) have been assigned a consensus broker rating score of 1.67 (Buy) from the six analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and four have given a strong buy recommendation to the company. Union Bankshares’ rating score has improved by 4.6% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Analysts have set a 1 year consensus price target of $40.50 for the company and are forecasting that the company will post $0.70 EPS for the current quarter, according to Zacks. Zacks has also given Union Bankshares an industry rank of 168 out of 256 based on the ratings given to its competitors.

Several equities analysts have recently issued reports on the company. Boenning Scattergood reissued an “outperform” rating and issued a $47.75 price objective on shares of WSFS Financial in a report on Thursday, June 20th. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AUB. Xact Kapitalforvaltning AB purchased a new stake in Union Bankshares during the 2nd quarter worth approximately $425,000. Hennessy Advisors Inc. purchased a new stake in Union Bankshares during the 2nd quarter worth approximately $4,593,000. McCollum Christoferson Group LLC purchased a new stake in Union Bankshares during the 2nd quarter worth approximately $500,000. Tributary Capital Management LLC purchased a new stake in Union Bankshares during the 2nd quarter worth approximately $26,868,000. Finally, First National Bank of Omaha purchased a new stake in Union Bankshares during the 2nd quarter worth approximately $1,641,000.

Union Bankshares stock opened at $35.90 on Tuesday. Union Bankshares has a fifty-two week low of $26.48 and a fifty-two week high of $42.74.

Union Bankshares (NYSE:AUB) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.02). The business had revenue of $152.49 million during the quarter, compared to analyst estimates of $154.45 million.

Union Bankshares Company Profile

Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. It accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts, as well as certificates of deposit and other depository services.

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